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THE 888 GROUP

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THE 888 GROUP - ICT showcase

Year Founded & Workforce

1996

1,350 Employees

Industry

ICT

Services

Online CasinoMobile Gambling
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THE 888 GROUP Overview

Company Headquarters: Europort

Founded: 1996

Workforce: ~ 1,350

Company Working: The 888 Group is an online gaming company providing various gaming solutions to its users. The company operates through two business segments: business to business (B2B) and business to customer (B2C). The company’s B2C segment offers bingo, poker, and casino games, whereas, its B2B segment offers gaming services to its users under the Dragonfish trading brand. The company has a presence across Europe and the Americas.

Strategy

The company focuses on its core business activities and adopts organic and inorganic growth strategies to drive profitable growth. In 2019, the company acquired Costa Bingo, a British online bingo company and BetBright, an online-based sports betting company. These acquisitions would help the company to expands its product portfolio and increase its market presence

Company Snapshot

$465.41M

Revenue

1,350

Employees

1996

Founded

Europort

Headquarters

SWOT Analysis

Strengths

  • Strong product portfolio
  • Merger & Acquisitions

Weaknesses

  • Dependence on the European market

Opportunities

  • Expansion into untapped markets

Threats

  • Fluctuating foreign currency
  • Stringent government rules & regulations

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Key Developments

DateApproachDevelopment
February 2019AcquisitionThe 888 Group acquired JPJ Bingo brands. The brands make up JPJ’s Mandalay operating business and include Costa Bingo, with the acquisition intended to strengthen 888’s position in the UK online bingo market.
March 2019AcquisitionThe 888 Group acquired Betbright, an online sports betting and digital entertainment company. The acquisition helped the 888 Group to increase its customer base.
February 2019AcquisitionThe 888 Group acquired Casino Bingo, a British online bingo company to improve its product portfolio and increase its market presence.
March 2019AcquisitionThe 888 Group acquired Betbright, an online sports betting and digital entertainment company. The acquisition helped The 888 Group to increase its customer base.

Product Offering

  • THE 888 GROUP
    • Online Casino
    • Mobile Gambling

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Business to Customer was USD 465.4 Mn in 2018.
THE 888 GROUP — By Business Segment
Series (USD Mn)2018
Business to Customer465.4
Business to Business48.3

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